School District No. 16 v. State Bank
Nebraska Supreme Court
This was an appeal by defendant from a decree rendered against it in the district court for Douglas county, directing said defendant to deliver np certain school district bonds issued by the plaintiff, and placed in the hands of R. G-. King & Co.,bankers at Stanton, Neb., and by them delivered to defendant. These bonds are negotiable and subject to the law of commercial paper.
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This was an appeal by defendant from a decree rendered against it in the district court for Douglas county, directing said defendant to deliver np certain school district bonds issued by the plaintiff, and placed in the hands of R. G-. King & Co.,bankers at Stanton, Neb., and by them delivered to defendant. These bonds are negotiable and subject to the law of commercial paper. Had King stolen the bonds, inasmuch as they on their face necessarily show title in the holder, he could have transferred a good title to an innocent purchaser. Welch v. Sage, 47 N. Y., 143. Murray v. Larclner, 2…
1Opinion of the CourtCobb, J.
The testimony in this case is considerably conflicting, both as to the manner in which the school district bonds came into the hands of R. G. King & Co. and the purpose for which they were placed in the State *171Bank of Nebraska. But it appears with sufficient clearness that they were placed in the hands of R. G. King & Co., who were then-local bankers in that section of country, for the purpose of being sold on account of the school district, and any disposition which King & Co. made of the bonds will be binding upon the school district. But did they make any disposition of them whereby the…
2Cited by1 opinion
- Griggs v. WhiteNebraska Supreme Court · 1877